SOURCE: MindFlow Technologies, Inc.
March 03, 2005 08:00 ET
Gartner Places MindFlow in the Visionary Quadrant for Strategic Sourcing
Research Firm Praises Sourcing Modeling and Optimization Leader for Vision and Functionality
PLANO, TX -- (MARKET WIRE) -- March 3, 2005 -- MindFlow Technologies, Inc., the pioneer of
Strategic Sourcing automation, today announced that leading research and
advisory firm Gartner, Inc., again places MindFlow within the visionary
quadrant of Gartner's annual Strategic Sourcing Applications Magic Quadrant
"MindFlow is pleased to place as 'Visionary' in Gartner's second Strategic
Sourcing Applications Magic Quadrant report," said Jay Reddy, president and
CEO of MindFlow. "Essentially, Gartner's report means that MindFlow
demonstrates thought leadership, has a clear vision of market direction and
is focused on executing on it. We have been able to consistently
accomplish that by allowing our customer base to continually guide us
toward meeting their ever-changing needs."
In its second annual report, Gartner provides an update on the strategic
sourcing applications marketplace and touches on the tremendous benefits
companies experience with these applications. Gartner's report states that
"...analytics [is] being seen as the tool by which procurement managers
become sourcing professionals." The report presents Gartner's opinions
about the strengths and weaknesses of the major vendors in the marketplace.
MindFlow is uniquely positioned to help customers create more agile and
nimble supply networks, support the sourcing and operations planning
process, help reduce and optimize inventory, support lean manufacturing
initiatives and accelerate the cash-to-cash cycle. Because CFOs are under
tremendous pressure to improve margins, these business competencies become
more critical. MindFlow helps companies create repeatable, sustainable
savings throughout the inbound supply chain, delivering savings that may
not have been otherwise apparent.
MindFlow provides on-demand, zero-footprint solutions for supply chain
professionals in manufacturing, retail, process, foodservice and
distribution industries. These companies use MindFlow to quickly leverage
powerful cost modeling, sourcing analysis and automation technologies,
together with category sourcing expertise and best practices to identify
savings, prepare and execute sourcing events, and implement corporate
supply chain strategies.
About the Gartner Magic Quadrant
Gartner, Inc.'s Magic Quadrant positions vendors in a particular market
segment based on their vision and ability to execute that vision.
According to Gartner, Inc., visionaries have a clear vision of market
direction and remain focused on preparing for that, but they can still
improve in terms of optimizing service delivery. The Strategic Sourcing
Applications Magic Quadrant is copyrighted January 2005, by Gartner Inc.
and is reused with permission. Gartner's permission to print its Magic
Quadrant should not be deemed an endorsement of any company or product
depicted in the quadrant. The Magic Quadrant is Gartner's opinion and is
an analytical representation of a marketplace at and for a specific time.
It measures vendors against Gartner-defined criteria for a marketplace.
The positioning of vendors within a Magic Quadrant is based on the complex
interplay of many factors. Well-informed vendor selection decisions should
rely on more than a Magic Quadrant. Gartner Research is intended to be one
of many information sources and the reader should not rely solely on the
Magic Quadrant for decision-making. Gartner expressly disclaims all
warranties, express or implied, of fitness of this research for a
About MindFlow Technologies
MindFlow Technologies helps companies save time, save money and reduce risk
with leading Strategic Sourcing applications. Large and small companies
accelerate inbound supply chain initiatives with MindFlow's complete
sourcing automation, essential decision intelligence and deep domain,
category expertise. The MindFlow Sourcing Suite™ is the premier
end-to-end sourcing negotiations platform -- comprehensive spend analysis,
event management, sourcing analysis, supplier development, performance
reporting and sourcing compliance. In close partnership with marquee
customers, MindFlow has sourced billions of dollars in direct and indirect
categories and enabled many millions of dollars in cost reductions.
MindFlow Technologies headquarters is located at 6504 International
Parkway, Plano, Texas. For more information, visit www.mindflow.com.